Theragenics (NYSE:TGX) said a private equity firm, Juniper Investment Co., offered to pay up to roughly $71 million for the medical device company, sending its shares to a 52-week high today on Wall Street.
Mergers & Acquisitions
Medical device M&A: Activity still strong despite Q1 declines in deal value, volume
The number of medical device merger & acquisition deals and their value fell during the 1st quarter, according to PricewaterhouseCoopers, but that doesn’t mean there wasn’t a lot of activity behind the scenes, Dimitri Drone, leader of PricewaterhouseCoopers’ Transaction Services Life Sciences sector, told MassDevice.com.
ICU Medical surges to all-time high on rumors of $1B buyout
Shares of ICU Medical (NSDQ:ICUI) surged to an all-time high yesterday on rumors that the medical device company is mulling a $1 billion buyout.
San Clemente, Calif.-based ICU Medical hired JPMorgan Chase & Co. to help it field offers, "people familiar with the matter" told Bloomberg.
NuVasive spends $5M on Ohio implant contract manufacturer
NuVasive Inc. (NSDQ:NUVA) said it paid $4.5 million to buy 1 of its contract manufacturing partners, ANC LLC, based in Fairmont, Ohio.
The San Diego-based medical device company said ANC, a partner since 2010, is "1 of NuVasive’s significant implant suppliers."
Zimmer to buy Knee Creations
Zimmer (NYSE:ZMH) said it agreed to pay an undisclosed amount for Knee Creations LLC and its joint preservation treatment.
The Warsaw, Ind.-based orthopedic medical device company said West Chester, Pa.-based Knee Creations’ subchondroplasty treatment is designed to treat knee pain, whether associated with arthritis or not.
Jawbone agrees to pony up more than $100M for BodyMedia’s wearable sensors | Wall Street Beat
Jawbone agreed to acquire BodyMedia, reportedly for more than $100 million, in a bid to expand its footprint in the wearable technology market.
San Francisco-based Jawbone did not disclose the deal’s value, but Reuters, citing "a person familiar with the matter," reported that it’s worth "north of $100 million."
Pittsburgh-based BodyMedia’s roughly 60 employees will "join Jawbone’s existing team," according to a press release.
M&A: Bayer buys Conceptus for $1.1 billion
Boston Scientific acquires, launches fiXate suturing system
Medical device maker Boston Scientific (NYSE:BSX) acquired the fiXate tissue band from Anulex Technologies, launching the suturing system right away.
Thermo Fisher agrees to $13.6B Life Technologies buyout
On-Q-ity folds its tents after 3 years, $26M | Wall Street Beat
On-Q-ity, which raised a $26 million Series A round back in December 2009, quietly folded its tents last year after an unsuccessful bid to develop its technology for personalized cancer detection.
Bruce Booth, a partner at Atlas Ventures, 1 of the VC shops that backed the company (and a member of On-Q-ity’s board), detailed the reasons behind the decision this week on his blog, Life Sci VC.